CENTURY 21 Millennium Inc., Brokerage*
- 10-350 Rutherford Rd South
Brampton, ON L6W 3M2
Welcome to my Website
As your CENTURY 21 Millennium Inc. Sales and Marketing Professional, I will provide outstanding personal service, guiding you through the maze of infinite details surrounding the purchase or sale of your home.
I can answer your questions, provide professional advice, and handle all the details for a pleasant real estate experience.
I can help you find the right home for you and your family, arrange financing, get the lowest mortgage rate and even help you settle in, in a timely fashion.
Ensuring that your real estate purchase or sale is a hassle-free experience is my ultimate goal.
- CENTURY 21 Millennium GUARANTEES to find the home you want.
- Save time and money with CENTURY 21 Millennium Inc.'s in-house mortgage broker. We can assure you the lowest interest rate available and a "hassle-free" real estate experience.
Let me be your full-service real estate provider. Email-me, and I'll get started right away!
I look forward to the opportunity of working for you!
I enjoying helping my clients find their dream home. Call me today to get started.
Considering Closing Costs When Buying A Home.
It's a good idea to budget some extra cash to cover the cost of obtaining a mortgage and "closing" your real estate transaction. Here are some of the extra cost items you should consider:
Mortgage lenders will usually loan a percentage of the home's purchase price or the market appraisal of the property, whichever is lower. The appraisal is either done by someone on the lender's staff or by an outside professional approved by the lender. The cost of the appraisal is most often the responsibility of the home buyer.
Find out whether or not your lending institution charges to process your mortgage application. In many cases, if you are dealing with a bank that you have other accounts with, they will waive the application fee.
Land survey fee
Lenders require a plot plan or survey of the property you intend to buy. On properties located in subdivisions in urban areas, lenders will often accept an existing survey, depending on when it was done. However, if there is no existing survey, be prepared to pay a substantial fee for a new survey.
Home inspection fee
Many homebuyers choose to have a home inspection done prior to finalizing their offer to purchase. Some lenders require a professional home inspection as well.
You will need to pay your lawyer to arrange your mortgage as well as for "disbursements" such as title search, drawing up the title deed and preparing and registering the mortgage.
Land transfer tax
This tax is payable by anyone who purchases property in Ontario. A REALTOR® or lawyer can help you calculate how much tax you will pay on your purchase.
If you are buying a new home, you will be required to pay Goods and Services Tax of seven percent on the price of your home. GST does not apply to most resale homes.
There are several types of insurance that may be required when buying your home. If you are arranging a "high-ratio" mortgage (less than 25% down payment) you will need to purchase mortgage insurance. Mortgage lenders require you to carry fire and extended coverage insurance that exceeds the amount of the outstanding balance of the buildings. Other insurance you may want to consider include title insurance and life insurance.
You will likely have to make property tax adjustments and interest adjustments on utility bills, heating oil etc. Ask your REALTOR® to explain these additional costs so you have no surprises on closing day.
Maintenance and utility costs
Finally, be sure to budget for heating, electricity, water and any immediate renovations you may have planned. It's a good idea to put aside any spare cash and contribute regularly to a maintenance fund so you will be prepared for any repairs or upgrades you need to make along the way.
Glossary Of Real Estate Terms
Amortization: The number of years it takes to repay the entire amount of a mortgage.
Appraisal: An estimate of a property's market value, used by lenders in determining the amount of the mortgage.
Blended Mortgage: A combination of two mortgages, one with a higher interest rate than the other, to create a new mortgage with an interest rate somewhere between the two original rates.
Blended Mortgage Payments: Equal or regular mortgage payments, consisting of both a principal and an interest component. With each successive payment, the amount applied to interest decreases and the amount applied to the principal increases, although the total payment doesn't change. (Exception - see variable rate mortgages.)
Closing: The real estate transaction's completion, when the parties involved agree that all legal and financial obligations have been met, and the deed to the property is transferred from the seller to the buyer.
Counteroffer: One party's written response to the other party's offer during purchase negotiations between buyer and seller.
Deed: A legal document that conveys (transfers) ownership of a property to the buyer.
Easement: A legal right to use or cross (right-of-way) another person's land for limited purposes. A common example is a utility company's right to run wires or lay pipe across a property.
Equity: The difference between the price for which a property can be sold and the mortgage(s) on the property. Equity is the owner's "stake" in a property.
High-Ratio Mortgage: A mortgage for more than 75 per cent of a property's appraised value or purchase price.
Land Transfer Tax: Payment to the provincial government for transferring property from the seller to the buyer.
Lien: Any legal claim against a property, filed to ensure payment of a debt.
Mortgage Insurance: Government-backed or private-backed insurance protecting the lender against the borrower's default on high-ratio (and other types) of mortgages.
Principal: The mortgage amount initially borrowed, or the portion still owing on the mortgage. Interest is calculated on the principal amount.
Zoning Regulations: Strict guidelines set by municipal governments regulating how a property may or may not be used.
Creating More Closet Space!
For most people the ideal closet is the size of a room with ample space to hang clothing, lots of shelves to tuck and stash away things -- a place where you can walk around and assess all your personal belongings.
In reality, most people's closets fall well short of this ideal. And few of us stop to consider the full potential of the closets we do have -- tiny as they may be. To understand their true potential, take a good objective look inside the closets you already have -- and the empty spaces that could be turned into closets or cupboards.
Closets are not the sort of thing most of us like to face. By their very nature, they invite us to avoid them. As long as the living space looks good, what's inside the closets doesn't really matter. It is said that both home and self improvement often start with your closets. The more effective and organized your closets are, the more effective and organized you feel.
The main things to consider when organizing your closets are budget, space and lifestyle. Even the tiniest closet can be maximized, and not necessarily at a high price.
Also, the contents of a closet don't necessarily have to fit the contents of a room. A hall broom closet can be turned into a pantry; a kitchen nook can be turned into a place to hang a wardrobe.
And you don't have to just hang things in closets. You can add shelf units, baskets, bins, or whatever fits, to store things in. Consider an air plane, a boat or a mobile home, where space is at a premium. Storage spaces are found above, below and to all sides of furnishings.
Here are a few more ideas to consider:
- Make your closets serve a variety of purposes. Try adding a shelving unit to a clothes closet where you can store pantry goods and other items.
- Always try to incorporate a variety of shelving units in a closet. These give you space to store small items such as shoes, scarves, handbags and even books.
- The ceiling space in closets is seldom used. Consider adding a shelve or a compartment to store bulkier items such as luggage or blankets.
- Before re-organizing a closet, take everything out. Set aside anything you haven't worn or used in a year. Consider donating these items to charity. Those you no longer use but want to keep should be stored separately in the attic or some place out of the way. Clearing out a closet is the first step in creating more space.
- Invest in a shoe rack that can be incorporated into your closet. Whether it sits on the floor or hangs from the door or is part of a shelve unit, a rack will not only keep your shoes together it will give the whole closet a more organized appearance.
- Plan to store your out-of-season clothes out of the way in boxes or elsewhere. Use the closet only to keep those items you wear regularly during a season.
- If you dislike the smell of mothballs but want to ensure your closets smell nice and don't attract moths, try hanging a sachet of dried rosemary flowers or a mixture of cinnamon and cloves. There are many fresh-smelling deodorizers and perfumed papers to choose from on the market as well.
- If closet space is still tight and there are few open spaces in your home that can be turned into closets, try adding an armoire or wardrobe. This was the furniture piece used for storing clothes back when there weren't built-in closets. It's still a popular and practical item in many homes today.
- Try turning an entire wall in a room into a storage area. There are many systems available that can be easily installed. You can close them up by adding doors, or keep them open and airy.
- Kitchens are where you can be most creative in finding extra storage space. To get the best use of kitchen closet space, store as much as possible outside the closets. That means hanging anything that can hang from the ceilings and the walls. Custom-design closets and cupboards for the specific goods each will hold. This may include drawers for knives, shelves for different size cans, jars, etc.
- Adding a shelving rack to the inside of a closet door can make even the shallowest closet seem deeper.
- In a child's room, don't limit yourself to the space inside the closet. Use lots of bins, stacking baskets and shelving units throughout the room to store and toss things in.
Light Up Your Life - Outdoors!
As the weather warms up, many homeowners like to extend their living space to the great outdoors. Never before have there been so many options for outdoor furniture and accessories including a vast array of lighting choices.
The addition of landscape lighting can help you spend more time outdoors and allows you to continue gardening, swimming, reading or just relaxing into the night. With the wide variety of low voltage and solar powered outdoor lights available, shedding light on your yard doesn't need to use a lot of power. While some homeowners may prefer to hire a landscape lighting contractor, many of today's lighting options are easily installed by the average "do-it-yourselfer."
Adding light to walkways and driveways is not only a great idea for safety, but the beauty of landscape lighting can also increase your home's "curb appeal." Consider different types of lighting for different areas around your home. For example, light a pathway with low voltage fixtures, add a motion-sensor light in your driveway and some subtle "spot" lighting in your gardens or around a pool. The right lighting can bring your property to life at night as well as help you and your guests see where they are going.
Unless you are looking to hire a lighting contractor, it's probably best to start with a low voltage or solar lighting system. These systems are safe enough and easy enough for a homeowner to install without the help of an electrician. Low voltage lights run along a wire from a transformer plugged into an electrical outlet. Most transformers feature a timer so you can control when the lights go on and off and some include a photocell that reads the amount of daylight and automatically turns the lights on and off at dusk and dawn. Most low voltage sets come with about 50 feet of cable and have the option of adding more cable, more lights or a larger transformer.
The advantage of solar powered lighting is its flexibility. With no cables to worry about, you will have more freedom for design creativity and can place a light just about anywhere. On the downside, however, solar lights are usually more expensive and require an average of 8 hours of sunshine to operate properly.
Before rushing out to purchase lighting for your home, it's best to sketch out a plan. Think about how you use the area you wish to light. What path do you take to travel through your yard? Are there areas that are dangerously dark? What type of atmosphere are you looking for? Visit your local garden center or browse through a few gardening magazines for inspiration. Many landscapers and contractors don't charge to help you design a system that meets your needs as long as they do the work. If you are buying one of the boxed sets, most come with layout ideas and grids.
Next, measure the areas you need to light up and put it all down on paper. Be sure to include any trees or bushes you would like to spotlight and the location of the nearest electrical outlets.
Finally, use your imagination and get creative. Outdoor light fixtures come in so many shapes, sizes and colors, your biggest problem may simply be making a choice.
Using Paint To Enhance Your Home!
One of the easiest, most cost-efficient ways of enhancing your home is with paint. With the advances made in paint over the past decade, there's not much you can't do with it indoors and outdoors.
Gone are the days of the all-purpose can of paint. Today, there are paints available for specific materials and surfaces. Whether your floor is wood or concrete, there is a paint designed for use on it. There are even paints for metals, such as the smoke pipe of a stove, that heat up to extremely high temperatures.
Some paints are made for specific uses on appliances, cabinets, tile walls and floors, bathtubs and sinks. You can even produce a terrazzo look on floors or a textured effect on walls with the right kind of paint.
Before you begin any project, visit a paint dealer and discuss the kind of material you plan to paint, its condition and the result you want to see. There are so many paints on the market, you want to make sure you get just the right one. A paint that's good for interior woodwork, for instance, is not necessarily good for wood floors or outside wood trim. A paint intended for concrete walls won't necessarily hold up on a concrete floor. So, be specific.
To apply any paint all you need to do is follow the instructions on the paint can. These are usually very detailed. But, be sure to read them before you leave the store in case you have any questions. Also ask about any materials or tools that may be required for a particular type of paint.
Many paints are flammable and harmful if taken internally or inhaled. So, be sure to read the warning labels which are usually illustrated quite clearly on the container. Always keep any area where you are painting well-ventilated.
While a fresh coat of paint can easily transform any dull room, cupboard or furniture item, you can't expect all flaws to be magically concealed. Painting requires good surface preparation and some elbow grease before you can splash on new colors.
Start by filling in all holes and cracks with an appropriate filler. When the filler is dry, use a fine sandpaper and sand all surfaces lightly. Then wipe all surfaces to ensure they are dust-free.
Here are a few tips for different paint jobs:
Bathrooms and kitchens
Because of high moisture, use an enamel rather than a flat paint for walls as well as woodwork.
An enamel is easier to clean and less likely to be harmed by moisture. Epoxy paints will hold on sinks, bathtubs, ceramic tiles and other areas that are extremely smooth and exposed to water. These paints must be handled carefully and require good ventilation.
A latex masonry paint is good for concrete basement walls. Many paints are designed to damp proof or water-proof basement walls. Their effectiveness depends on how well they are applied. However, it's virtually impossible to waterproof a basement from the inside by simply applying waterproof paint on the walls.
Use heat-resistant enamels on any surface that gets hot, such as metal pipes. Concrete basement floors must be cleaned before painting. Use a cleaner recommended by the paint manufacturer.
Any paint you use should be designed to withstand the weather. The surfaces -- whether aluminum, iron, steel, brick, concrete, wood, wicker, etc. -- must be prepared in advance as recommended by the paint manufacturer. Before starting any project, be sure to consult your local paint store representative for ideas and advice.
As a member of the Brampton community for many years I am proud to be involved in the ‘Caring for The Kids' program. Every year we liaison with 5 local schools to provide a magical Christmas for needy children and their families. In 2008 we were able to help 15 families and 48 children.